SACRAMENTO, Calif. (AP) — A judge accepted Stockton’s bankruptcy application on Monday, making it the most populous city in the nation to enter bankruptcy. U.S. Bankruptcy Judge Christopher Klein said the bankruptcy declaration was needed to allow the city to continue to provide basic services. “It’s apparent to me the city would not be able […]
Quick, what is California doing as well as Mississippi and Nevada but worse than all the other states? As you might have guessed from the headline of this post, the answer is “hire people.” In February, the Golden State’s jobless rate drifted down to 9.6 percent in preliminary estimates. It’s only a modest drop from […]
In one widely publicized case, the owner spread possum urine around the house, turned up the heat and closed all the windows for a few days. Why?
California kids will miss their vaccinations. California toddlers will go without Head Start preschool. Workers will go on furlough from California military bases. These are some of the dire consequences that President Barack Obama outlined for the state on Monday if the automatic spending cuts from the sequester bill go into effect. “We cannot simply […]
Update: Barack Obama warns of kids going without vaccination and other severe effects of sequestration. There’s no question California will suffer if Congress can’t reach a budget deal. The “sequester” cuts scheduled to start March 1 would hit schools, health care, parks, transportation — just about anything connected to government. On Friday, U.S. Transportation Secretary […]
The glitch in California’s cap-and-trade program that you probably never heard about.
Think of it like a mushroom. Up near the top, there’s a big, fat cap of Baby Boomers; down below, the stem is struggling to hold up under the weight. USC’ Dowell Myers says The Day of Demographic Reckoning has come upon us. We share his thoughts because he’s the lead researcher on a recently […]
I hate to say it’s over, but I think there are going to be far fewer of these small [electric] start-ups. I don’t know how you break into that [market] unless you have technology that is way beyond what is currently existing.
If you’re in the market for a house or condo, first the bad news: real estate prices in the Bay Area are climbing, as much as 16 percent over last year in some areas. “We did have a brief window of opportunity—or now it seems brief, it actually lasted quite awhile—during the housing downturn where […]
by Don Thompson, Associated Press SACRAMENTO, Calif. (AP) — California’s jobless rate dipped below 10 percent last month for the first time since the recession began, the state announced Friday, signaling that the state’s economy may have finally turned the corner. The 9.8 percent unemployment rate reported by the Employment Development Department is down from […]